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measure of the size and strength of the economy in america. the reading of the gross domestic product shows the economy grew at a rate of 1 1/3 percent for the quarter down the previous reading of 1.7%. much of the change due to poor farm production in the midwest because of a severe drought. the dow jones industrial average broke a four-day losing streak on thursday with the best day in two weeks after fresh concerns about europe eased. the markets were down, however, on friday. consumer confidence jumped to the highest level in seven months in september. the conference board said the index rose 10% from august. the indicator is closely watched because consumer spending makes up 70% of the u.s. economy. >>> two important pieces of data for the housing mark were out. sales of new homes in august were down from july. the median price of a home rose by a record amount, 11%. pending home sales down slightly in the month of august. at least in part due to an inventory shortage. not enough homes available at the low end of the price range. >>> an apology from the apple ceo tim cook writing
's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the correct calls to make. i've stuck with this market because i believe europeans are not suicidal. so far so good on that front. at least of late. i believe chinese economy will simply come back by virtue of the fact there's a tremendous urban migration within china.
. when the federal reserve talks about getting the economy moving by any means necessary it is talking about getting more data like today's terrific ism number. given that the chinese are doing the same thing, if you're betting against the market you're fighting major central banks around the world that are doing their best to generate good data and why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that for years artists tried to paint pictures as if they were perfectly -- let's say they tried to capture the exact lo
and concisely explain how he can fix the economy. >> i expect to be able to describe that in a way people will understand, and if they do, i get elected. >> reporter: his running mate paul ryan is already preparing for his own debate a week away. >> i believe in what i believe, i do what i do, and i really believe in the policies we're providing, that we're pursuing. and at the end of the day, i'm just going to go in there and be me. >> reporter: and if you can't control what actually happens in the debate, you certainly control what happens afterwards. the spin already in the planning. ryan's going to be with romney in virginia. the president is staying in colorado for a rally there. veronica? >> thank you. >>> nato forces in afghanistan say three international service members and their translator were killed in a suicide bombing in the eastern part of the country this morning. this as the war in afghanistan reached a grim milestone sunday with a death of the 2,000th u.s. service member. nbc's chief foreign correspondent richard engel has the details. >> reporter: there has been another
the chinese economy can absorb all the steel they dump worldwide. i find that highly unlikely. but that doesn't mean we shouldn't be buying the ingredients of steel which the chinese don't have. think iron, i like vale, think vle. secondarily they need copper. that's fcx. how about machinery? although it is a second derivative, meaning it won't happen immediately, they will need engines and trucks and earth movers. cat said negative things but those are the only two worth going with and those companies won't see a bump in time to save their quarters which is actually what matters. you can include general electric in machinery, and today the ceo said china is going to be a huge driver for earnings, that led us to increase our position for ge. people want to buy joy global, i don't know. finally there will be a step up in oil demand, and that scenario i think is very investable. the chinese will need to import and when they do that, you will want to own not any of the major oils or independents. you need international drillers and service companies. they make the actual rigs in deep water drill
asia. they will reserve the first seven economy class rows exclusively for guests age 12 and above. >> there is apparently some kind of a bulkhead thing in between and the rest of the seats. >> it is discrimination of a sort. i know a lot of 8-year-old kids i would fly around the world with, so well behaved. a couple of 13 and 14-year-olds i wouldn't have lunch with. >> yeah. yeah. yeah. >> also, you can't -- remember when there was no-smoking zones and smoking? if you were the last -- if you were in the nonsmoking section, you smelled all the smoke. there was nothing to keep it. >> kids are going to be screaming no matter where they are. >> called life, we have to get over it. we have to share this planet, one and all with each other. >> what is that? >> the answer to your dreams, hoda, for winesday wednesday. >> why is there a zipper on the back? >> you want to unzip it. >> uh-huh. >> and then you unwrap it. >> wrap it. >> and you get four glasses. >> oh. oh. they are mini individual -- i'm afraid to -- how do you snap them off? >> i don't know. i think this is getting a little o
Search Results 0 to 5 of about 6